Careem is a UAE-based Super App with the mission to simplify and improve the lives of the people, and build an awesome organisation that inspires. It is an extremely purpose-driven and motivated company that aims at moving the region forward by leveraging technology through simplification and improvement in lives. Together the people, infrastructure and technology … Read more
KARACHI: The disproportionate impact of the Covid-19 deepened inequalities for the women, as it hindered their progress, a World Bank paper revealed. Over a year into the pandemic, the world has witnessed the negative impacts of the infectious disease and lockdown measures, the paper said, adding that the pandemic is not gender-blind: Women are doing … Read more
KARACHI: The Covid-19 pandemic badly affected the global economy and household earnings, but it proved a boon for Pakistan, as the country witnessed the highest surge in remittances among 45 developing nations, a World Bank report revealed. Overseas Pakistanis sent 17 per cent more back home, owing to the launch of tax incentives for the … Read more
KARACHI: The world economy is booming, as the global GDP is expected to expand 5.6 per cent, while the growth in advanced economies is expected to reach 5.4 per cent in 2021, the highest rate in nearly 50 years, powered by rapid vaccination and unprecedented fiscal and monetary policy support since the beginning of the … Read more
KARACHI: The Board of Executive Directors of the World Bank has approved $800 million to finance the Pakistan Programme for Affordable and Clean Energy (PACE) and the Securing Human Investments to Foster Transformation (SHIFT), a statement issued by the bank said. The $400 million PACE project focuses on the measures to improve the financial viability … Read more
KARACHI: Pakistan plans to import 100,000 tonnes of sugar, as the Economic Coordination Committee (ECC) of the Cabinet, on a summary presented by the Industries and Production Division, approved a tender opened on June 25, 2021, for the import of the commodity. The ECC meeting, chaired by Finance and Revenue Minister Shaukat Tarin on Monday, … Read more
KARACHI: Despite several measures, the government firmly believes that much is required to be done to ensure sustainability and resilience of the SME sector, considering its valuable contribution in the economic development and its potential to take the economy towards an inclusive and sustainable growth, a government official said on Friday. Addressing a webinar on … Read more
KARACHI: Finance Minister Shaukat Tarin has asked the provincial governments to mobilize their teams for the provision of relief to the masses by strictly monitoring the price movement in the markets. Chairing the meeting of the National Price Monitoring Committee (NPMC), the finance minister directed the Ministry of Industries and Production to pass on the … Read more
KARACHI: The government has vowed to bring the prices of essential items down and expressed the hope that the need for continued subsidy will no longer be required, a spokesman for the Ministry of Finance said. Responding to the press conference by former finance minister Miftah Ismail, he said the foreign exchange reserves have witnessed … Read more
